|[January 09, 2013]
Agiliance Reports 64 Percent Growth in 2012 and Builds Momentum for Managed Risk-as-a-Service
SUNNYVALE, Calif. --(Business Wire)--
Inc., the leading independent provider of Integrated Risk Management
(IRM) solutions for Governance, Risk, and Compliance (GRC) programs,
today announced record business results for 2012 including major spikes
in year-over-year revenue and multi-million dollar contracts. The
company also signed charter Managed Security Service Providers (MSSPs)
customers for its Managed Risk-as-a-Service (M-RaaS) offering.
The rising tide of insider and advanced persistent threats, mounting
regulatory pressure, and the impact of big security data on an
organization's operational efficiency require performing continuous
(security) monitoring and frequent data assessments. However, achieving
this using otherwise disconnected, best-of-breed tools is manually
RiskVision™ addresses this challenge with a scalable solution that
aggregates critical information about risk and compliance posture with
current, new, and emerging threats; and calculates impact on business
operations to action remediation and ongoing risk measurement. The state
of risk is delivered in real-time with an end-to-end early warning,
prevention, and remediation service.
Agiliance achieved the following record business results in 2012:
64 percent year-over-year revenue growth.
75 percent year-over-year growth in multi-million dollar wins at
prestigious U.S. federal and financial services organizations,
including the industry's largest continuous monitoring contract
covering one million assets for the U.S. Veterans Administration.
73 percent year-over-year growth in the financial services sector with
new and upsell wins at organizations in the financial technology and
global banking segments.
320 percent year-over-year growth in the education sector, including
wins at University of Maryland University College, George Washington
University, and many others.
42 percent year-over-year growth in the Agiliance
RiskVision™ connector portfolio, which allows organizations to
leverage their investment in best-of-breed technology.
70 percent of the company's license business was generated by an
expanding number of channel partners, including MSSPs, OEMs,
resellers, and system integrators.
4th U.S. patent granted for Virtual Asset Groups in a
Compliance Management System, illustrating the company's
continuing innovation in security technology for private and public
16 percent operating profit against net revenue.
85 percent of customers are now in production on Agiliance RiskVision
"Agiliance is pleased to report that we achieved several business
performance and industry milestones during 2012," said Joe Fantuzzi,
president and chief executive officer of Agiliance. "We continued to
re-shape the security industry last year by automating risk management
on an enterprise scale. With advancements to our Managed
Risk-as-a-Service platform, we solidified Agiliance's position as a
pioneer of big data risk management that can be delivered to very large
and small-to-medium sized organizations via our trusted solution
Agiliance achieved record business recognition and industry accolades
including the 2012
GOVTek Award for Best Transparency Solution, the 2012
SC Magazine Excellence Award, the 2012
Info Security Product Guide's Global Excellence Award, a 5-Star
Rating in the 2012 SC Magazine Risk and Policy Management Group Test,
Global 250 Award, two Golden
Bridge Awards, the Silicon
Valley / San Jose Business Journal Fast Private 2012 Award, and the Government
Security News 2012 Homeland Security Award.
Agiliance is the leading independent provider of Integrated Risk
Management solutions for Governance, Risk, and Compliance (GRC)
programs. Agiliance RiskVision enables Global 2000 companies and
government agencies to automate their GRC management processes; and the
same platform orchestrates incident, threat, and vulnerability actions
in real time. Unlike legacy offerings that take nearly a year to deploy,
Agiliance customers demonstrate automation use cases within 30 days
on-demand, and within 60 days on-premise, made possible by Agiliance
RiskVision's configurable platform and applications, with a broad
library of technology integrations, and GRC content. Agiliance
RiskVision scales with businesses, effectively managing data, assets,
people and processes to achieve 100 percent risk and compliance
coverage. Its real-time risk analysis leads to optimized business
performance and better investment decisions. For more information,
please visit www.agiliance.com.
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